6 things to know about new Panthers owner David Tepper

According to a report by WBNG TV in New York, the deal has been finalized. Franchise founder Jerry Richardson has agreed to sell his controlling portion of the Panthers to billionaire David Tepper.

No official announcement has come from the team yet, but Tepper was reported by several different sources to be the front-runner to buy the team on Friday.

Here are six things to know about Carolina’s new owner.

1. He is a minority Steelers owner

via VOX

Tepper purchased a five percent stake into the Steelers in 2009. He is the second Steelers minority owner to purchase a franchise, following in the steps of Browns owner Jimmy Haslam, who purchased the team in 2012. Tepper must sell his part of Pittsburgh in order to take control of Carolina.